If you’re just joining us, the three previous parts in this series summarized how ownership of conventional single-family dwellings differs from ownership of condominiums or co-op apartments and when the IRS will allow owners of co-op apartments to build up the adjusted basis for their apartment. This article, part four,
To provide the most value for their clients, accountants need easy access to useful data, a simple concept that can get lost. In this second of a two-part series, we’ll explore how data and innovation empower accountants to support growth and stability for their small business clients. Reliable Data &
When interviewing clients this tax season, despite the obvious emphasis on income tax, keep in mind the importance of estate planning as it can benefit both you and the client. For example, there may be advantages to lifetime transfers to take advantage of the current transfer tax exemption, but
State and local taxation administration and policy continued to be shaped by the COVID-19 pandemic during the past year. “The news headlines in 2021 were dominated by the pandemic, and the same can be said of state and local tax policy and litigation,” observed Jamie Yesnowitz, state and local tax
